Aberdeen Group plc Buys 10,339 Shares of GE Vernova Inc. $GEV

Aberdeen Group plc lifted its position in GE Vernova Inc. (NYSE:GEV) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,759 shares of the company’s stock after acquiring an additional 10,339 shares during the quarter. Aberdeen Group plc’s holdings in GE Vernova were worth $72,999,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GEV. Good Life Advisors LLC grew its stake in shares of GE Vernova by 1.0% during the 2nd quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock worth $875,000 after acquiring an additional 16 shares during the period. Bell Investment Advisors Inc lifted its holdings in GE Vernova by 6.7% during the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock valued at $135,000 after purchasing an additional 16 shares during the last quarter. Northwest Wealth Management LLC boosted its position in GE Vernova by 3.6% during the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock worth $286,000 after purchasing an additional 16 shares during the period. AMG National Trust Bank increased its stake in shares of GE Vernova by 1.5% in the second quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after purchasing an additional 17 shares in the last quarter. Finally, Traphagen Investment Advisors LLC raised its position in shares of GE Vernova by 1.2% in the third quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company’s stock valued at $872,000 after purchasing an additional 17 shares during the period.

GE Vernova Trading Down 1.8%

GE Vernova stock opened at $801.76 on Monday. The firm has a market cap of $216.10 billion, a P/E ratio of 45.04, a P/E/G ratio of 3.19 and a beta of 1.67. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $846.00. The firm has a 50-day moving average of $689.84 and a 200-day moving average of $635.38.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. GE Vernova’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. Research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were paid a $0.50 dividend. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, January 5th. GE Vernova’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays restated an “overweight” rating and set a $849.00 target price on shares of GE Vernova in a research report on Monday, February 2nd. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Glj Research raised their target price on GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Jefferies Financial Group reiterated a “buy” rating and set a $930.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Finally, TD Cowen increased their price target on shares of GE Vernova from $680.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $788.24.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.